STOCKS TELEGRAPH

Tag: Fantom

  • Some Coins that know how to stay in Light

    Monero (XMR)

    XMR uses cutting-edge cryptography to make senders and recipients equally anonymous. Its objective is straightforward: to permit transactions to be carried out secretly and anonymously. At the time of writing, Monero is being traded at the rate of $150.74. It has gained 3.96% in the last 24 hours. The trading volume in the last 24 hours is around $189,671,445.

    Lido Finance (LIDO)

    For Ethereum, Lido is a liquid staking solution. Lido allows users to bet their ETH without requiring any minimum deposits or infrastructure upkeep. At the time of writing, LDO is being traded at the rate of $1.49. it has lost 13.51% in the last 24 hours. The trading volume in the last 24 hours is around $115,970,119.43.

    USDC

    The stable coin of the Terra Network had its value pegged to Dollar. After the collapse, USDC still hasn’t been able to recover from the damage. It is being traded at the price of $0.037. It has lost almost 12% in its value in the past 24 hours.

    Gala (GALA)

    GALA helps the users with the ownership of the gaming experience. At the time of writing, GALA is being traded at the rate of $0.05264. It has lost 10.24% in the last 24 hours. The trading volume in the last 24 hours is around $329,877,845.

    Waves (WAVES)

    Waves still haven’t been able to recover from the damage caused by the information that was leaked. At the time of writing, WAVES is being traded at the price of almost $5.55. In the past 24 hours, the price has dropped by almost 10% making it one of the top losers today.

    Fantom (FTM)

    Fantom (FTM) suffered a major blow when Andre left the network, ever since then, the price has dropped continuously. In the past 24 hours, the price has dropped by almost 10% and now is being traded at the price of almost $0.3077.

    All-Time High Coins

    Furio (FUR)

    It is a project that is based on Defi and is going to have its own ecosystem. At the time of writing, FUR is being traded at the price of almost $14.06. Today it went on to touch a new all-time high at a price of almost $14.11.

    Olive (OLV)

    It is based on a new concept of Eat to Earn. This project allows people to earn coins to imagine, create, and share everything they can. At the time of writing, OLV is being traded at the price of almost $0.833. Today it went into price discovery and touched a value of $0.873.

    MetFX (MFX)

    Based on a new method known as Watch to Earn, this project allows its users to get coins as they watch videos. It utilizes the watch time and provides monetary benefits to its users. $0.00742. It went on to touch $0.00802.

    Creature Hunters (CHTS)

    It is an online puzzle game that uses the technology of NFTS. The coin is being traded at the price of almost $0.179. This price is also its ATH value.

    BitBurn (BURN)

    It provides the 5% reflection value of BTC in the form of its own tokens. At the time, it is being traded at the price of almost $0.0714. This is also its ATH value.

  • Fantom’s stablecoin (DEI) still trading below $1

    DEI, a mixture algorithmic stablecoin of decentralized finance (DeFi) convention DEUS Finance, has neglected to reestablish its expected peg, right now exchanging under one dollar for the third day.

    The stablecoin first lost its dollar value on Sunday after an influx of vulnerability affected by the accident of Terra’s decentralized stablecoin UST prompted merchants to trade their DEI tokens for USD coin (USDC) in the midst of a limited quantity of liquidity on the decentralized trading platform.

    DEI plunged to as low as USD 0.525239 on Monday, yet has since figured out how to manage misfortunes somewhat. The coin is exchanging at USD 0.606, somewhere near around 40% contrasted with its planned value of USD 1.

    While DEI looks like Terra’s UST in numerous ways, the stablecoin is on a very basic level different as it is collateralized.

    Deus Finance backs the stablecoin with a bin of tokens, including its local governance token DEUS and other stablecoins. DEUS tokens contain 10% of the savings, while other stablecoins represent the excess 90%.

    One can mint DEI 1 by saving USD 1 worth of the security. The insurance can be USDC, Fantom’s local token FTM, MakerDAO’s stablecoin DAI, Wrapped Bitcoin (WBTC), or a mix of DEUS and USDC. The insurance proportion between the USDC and local token DEUS is 80%.

    Like Terra, DEUS Finance attempts to keep up with its targetted dollar stake utilizing a mint-and-burn component among DEUS and DEI.

    Two variables appear to have added to the undertaking confronting liquidity issues.

    Deus Finance, first and foremost, has succumbed to two blaze advance goes after as of late, losing more than USD 13m. In addition, the venture’s local token DEUS has fallen strongly as of late. The coin is somewhere near over 60% throughout the last week, at present exchanging at USD 221.5, as indicated by CoinGecko.

    These two variables have brought about the downfall of DEI’s insurance esteem, in this way cutting down the guarantee proportion to 43%, as indicated by information from DEUS Finance.

    In the interim, the venture declared on Sunday that they plan to reestablish the stake utilizing a depository bond program that would boost clients to store guarantees and, thusly, procure a decent interest.

    Their group is working nonstop to reestablish the DEI peg. Alleviation measures were executed right away and arrangements are being created for long-haul security the venture said on Monday. They said that they would refresh with respect to the circumstance

    Be that as it may, the group has not given updates yet, while the stablecoin is as yet exchanging far underneath its dollar peg.

  • 1inch Protocol Expands to Fantom (FTM)

    1inch Network reported the extension of the 1inch Aggregation Protocol and the 1inch Limit Order Protocol on Fantom.

    The move will assist clients with getting to more profound liquidity and more options for productive and modest trades.

    Development to Fantom

    With 1inch’s development on the adaptable, EVM-viable Layer 1 blockchain convention, Fantom, a heap of conventions will make the change also.

    Fantom is a famous organization, and it has performed surprisingly recently. The arrangement of 1inch protocols on that blockchain is set to offer clients more effectiveness and adaptability, as well as admittance to yet more profound liquidity. Launched during the ICO blast in 2018, Fantom had generally stayed under the radar prior to getting forward movement three years after the fact because of its emphasis on DeFi. Its TVL soared from September 2021, as per DeFi Llama.

    Development was additionally kept in mid-2022 when the all-out esteem locked on the undertaking came to $15.22 billion. Nonetheless, its donors – Andre Cronje and Anton Nell’s flight, set off a sharp drop in the figures. As of April 14, Fantom’s TVL remained at $7.31 billion.

    The move comes a half year after the DEX aggregator reported its development to Arbitrum, which is the Optimistic Rollups-fueled Ethereum scaling arrangement.

    As announced before, the extension is pointed toward diminishing exchange costs and improving throughput and withdrawal speeds while at the same time laying out full similarity with Ethereum on the Web 3 point of interaction and savvy contract levels.

    All the more as of late, 1inch likewise extended its DeFi cross-chain exchange abilities on Avalanche and Gnosis in January this year. Besides, different organizations upheld by 1inch are BNB Chain, Ethereum, Optimistic Ethereum, and Polygon organizations.

    $175 Million Funding Round

    In November last year, 1inch Network reported getting $175 million in a Series B subsidizing round drove by Amber Group, with more than 50 extra financial backers taking an interest. A portion of the names were VanEck, Alameda Research, Gemini Frontier Fund, and Tribe Capital.

    1inch noticed that the capital imbuement will be used to grow its administrations and spotlight on customary financial backers while working with their introduction to the DeFi space by building new conventions, extra utilities for the local digital money, and inclining up the patron group.

    At first, the DeFi stage meant to raise $70 million with the subsidizing round. Because of the new advancement in the decentralized finance ecosystem and the expanded interest from likely supporters, it raised the figures by more than $100 million.

  • Why is Fantom (FTM) Surging?

    FTM, the essential coin of the Fantom Network, rose however much 10% throughout recent hours following the declaration of forthcoming upgrade refreshes.

    Fantom is a layer 1, or base, blockchain stage that powers decentralized finance (DeFi) applications. The establishment behind Fantom plans to upgrade its organization with lower memory utilization, further developed stockpiling capacities, and new security highlights.

    “This innovation might conceivably assist with handling exchanges quicker with a lot more modest memory utilization, consequently further developing the organization execution,” the Fantom Foundation wrote in a Wednesday blog entry. Further, while the Ethereum blockchain requires numerous square affirmations to guarantee exchanges are secure, Fantom just requires one affirmation, as indicated by the establishment.

    While the present increase for FTM is sizable, it’s a simple blip versus the 60% drop from an unsurpassed high of $3.47 accomplished in October 2021.

    FTM has been tormented by engineer exits, including DeFi modeler Andre Cronje. The establishment’s CEO, Michael Kong, tended to financial backer worries last week and guaranteed that tasks will keep on working with existing groups.

  • BetFury accepts Fantom (FTM) Token

    BetFury accepts Fantom (FTM) Token

    BetFury, the top crypto casino, consistently increases multicurrency borders making players’ experiences pleasant, speedy, and cost-effective. The BetFury casino will now accept the FTM token and the Fantom network as a payment option, the team announced today.

    The platform already supports many networks such as BNB Chain, ERC-20, TRC-20, Polygon, Solana, and Cardano, and has a competitive edge in that it accepts over 30 of the most popular crypto assets for deposits and withdrawals (BNB, CAKE, CHZ, SUSHI, 1INCH, BANANA, BSW, MATIC, DOGE, DASH). With its native Fantom coin, BetFury now allows crypto gamblers to benefit from the new Fantom network (FTM)

    What is Fantom (FTM)

    One of the most popular Blockchain platforms is Fantom. Its DeFi Ecosystem is now the third-largest in the cryptocurrency world. The platform claims that performance is important, which identifies its major goal – to tackle issues with smart-contract platforms, particularly transaction speed. Fantom-based blockchains are quick, safe, and scalable. It lets you to make quick deposits and withdrawals, as well as take advantage of a variety of platform features to help you save your crypto earnings.

    The Fantom network now accepts USDT and USDC stable currencies for deposits and withdrawals on BetFury.

    Fantom token and its features

    Fantom (FTM) is the Fantom network’s native token. For deposits and withdrawals, the token supports its native network, the BNB chain, as well as ERC-20. It gets good ratings and is growing in popularity among users.

    Fantom token on BetFury

    A user must first make a deposit on BetFury in order to begin using the Fantom token. For native and BNB networks, the minimum deposit is 1 FTM, whereas ERC-20 requires a deposit of 20 FTM.

    When playing in-house games and slots, players can use FTM. Furthermore, BetFury’s mining mechanism allows users to earn BFG tokens simply by playing games on the platform. The more you play, the more BFG is automatically added to your balance. Continue mining the BFG while betting with the Fantom token. On BetFury, you may multiply your BFG earnings by having fun!

  • Fantom (FTM) – On its way to ?

    Fantom (FTM) – On its way to $3?

    The native token of Fantom Opera is FTM

    At the time of writing, FTM is being traded at the rate of $2.02 with an increase of almost 16% within the last 24 hours.

    The low within this tenure was around $1.73 and the high was approximately $2.08. The coin as being in the watchlist of many traders makes it rank all the way up to number 39th according to the latest data released by coin market cap.

    FTM during the month of October approached a near All-time High around the price of $3.48. The trading volume today on the other hand has increased by almost 17.75%.

    The top exchanges for trading FTM are currently Binance, OKEx, FTX

    Technical Analysis –  Fantom (FTM)

    Fantom Opera (FTM) had been one of the most bullish coins in the market. The dip of Fantom was quickly bought and now we have seen a massive increase in the price of Fantom. After the creation of ATH, the price dropped down as it failed to hold the level. It started creating lower highs and lower lows. The price soon after creating an order block that happened with the impulsive move downwards. Now, this order has remained unmitigated for a long time.

    FTM - 1D

    Now the price of FTM has shown reversal, we can see that the price has printed many green candles. These candles are very momentous and this has been happening for the past four days. Now the price is tapping in a very important zone. The price might drop from this zone and tap the liquidity present below. The second option is that the price will go upwards and mitigate the order block that is present above. In both cases, we must look into the lower time frame confirmations to have a cleaner entry into the market.  A better way is to book profits all the way to the point where there is a lack of momentum. If it drops you can buy more with the profit you have secured.

    Price Prediction – Fantom (FTM)

    FTM has been one of the slow gainers in the market. The price is still way low as compared to the all-time high.  According to wallet investor, the price of FTM is to reach a value of $3.518 in a year. In five years, the price is expected to reach a value of $11.955.

  • Fantom (FTM) Coin –  How can the Price behave Now?

    According to coinmarketcap, the maximum supply of FTM is around 3.175B FTM and the circulating supply is around 2.55B FTM. FTM holds the 39th rank according to market cap and has a market dominance of 0.22%.

    At the time of writing, FTM is being traded at the price of $2.17 with an increase of almost 12.94% in the last 24 hours. FTM is a really strong token fundamentally. The maximum and minimum today are $2.21 and $1.77 respectively. The daily trading volume has also increased by almost 71.75%. FTM had created its ATH in October 2021 and reached a price of almost $3.4842. During the crash, the price of FTM dropped down to a level of $0.1530. The price has almost done 15 times since the creation of the bottom.

    Technical Analysis –  Fantom (FTM)

    Fantom (FTM) has been a highly bullish coin but recently as it can be seen that the coin has shifted the market structure as shown in the chart. The chart shows that it had broken many structures and kept the uptrend till it reached the point of its recent high where it faced severe rejection. The price did try to attack the level again but it couldn’t hold it and it fell down leaving tons of liquidity above the line.

    Now one thing to notice is the creation of two order blocks, one above the current price and one below the price. The market can move in such a way that it will tackle the order block above and then move on to the lower time frames. From where a possible long can be taken upon a retest of the zone.

    FTM - DTF

    It is to remember that overall the price is highly bullish and we can expect the price to move upwards soon. Only on the lower time frames, noise is visible but zooming out gives quite a clear view about the price movement.

    Long Term Price Prediction – Fantom (FTM)

    FTM is a really strong token. It provides decentralized finance solutions to developers. As a result, we can expect growth in the price in the future. According to wallet investor, it is expected to reach a value of around $4.518 in a year and is expected to reach a value of $12.324 in five years.